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International Moneytary Fund - kiss of death ?

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A new book has been published about the banking crash in Iceland last year.
The author is Mr. Styrmir Gunnarsson, former editor of the newspaper, Morgunbladid.
In his book, Mr. Styrmir talks about when the CEO of the Icelandic Central Bank, Mr. David Oddson, met mister Timothy F. Geithner Secretary of the Treasury, USA.

They met, in the middle of 2008, when Mr. Geithner was one of the assistance directors of the US central Bank.
Mr. Oddson asked Geithner if the US central Bank could lend Iceland 2 - 3 billion dollars.
Mr. Geithner's reaction later, was that the amount to lend Iceland was not an issue, because Iceland's financial problems were overwhelming.

The author of the Book, Mr. Styrmir also said that Oddson told Geithner that the CEO of the European central bank had suggested that Iceland talk to the International Monetary Fund (IMF).
Geithner, who was now Secretary of the Treasury, had this reaction to Mr. David Oddson, CEO of the Iceland Central Bank, "Aha, he offered (us) the kiss of death."

In the later part of 2008 ,Iceland was not sure about seeking help at the IMF.
Then Mr. Paul Thomsen, head of an IMF mission in Iceland, came to Iceland and had a meeting with the Prime minister, Mr. Geir H. Haarde.
Mr. Haarde told him that the IMF could not treat Iceland as a third world country.
Thomsen promised that the IMF would not do that.
And after that meeting, Thomsen is supposed to have phoned his superior at IMF, and said, " I Got Him "

Now Mr. David Oddson is the editor of the newspaper Morgunbladid.
Mr. Styrnir, who wrote this book,with this information, is a former editor of the Morgunbladid.


Top : Timothy F. Geithner Secretary of the Treasury, USA.

Middle: David Oddson

Bottom: Paul Thomsen (center)



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I live in Iceland ,and have for some time been blogging about the Icelands Banking crisis. Also i take photos and videos. Have videos on youtube,and many from the Protests last winter in Reykjavik.

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